Invesco QQQ (NASDAQ:QQQ) Stake Reduced by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 34.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,378 shares of the exchange traded fund’s stock after selling 4,450 shares during the quarter. Invesco QQQ comprises about 1.5% of Colton Groome Financial Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Colton Groome Financial Advisors LLC’s holdings in Invesco QQQ were worth $3,431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC raised its holdings in Invesco QQQ by 156,045.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after buying an additional 43,463,232 shares during the period. International Assets Investment Management LLC raised its holdings in Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares during the period. Morgan Stanley raised its holdings in Invesco QQQ by 10.0% during the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after buying an additional 1,533,114 shares during the period. Barclays PLC raised its holdings in Invesco QQQ by 113.5% during the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock worth $2,134,368,000 after buying an additional 48,423,350 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Invesco QQQ by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after buying an additional 52,019 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ traded down $2.43 on Thursday, hitting $423.41. 46,045,029 shares of the company were exchanged, compared to its average volume of 45,625,719. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34. The company’s 50 day moving average price is $438.24 and its 200-day moving average price is $407.40.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.